Now getting a project office registration is easy, hassle fee and quick, Drop your query by filing the form given and provide the necessary details to us. EAdvisors expert will then contact you to discuss about registration process, documents required and resolve your queries. After the discussion session, drafting of all the necessary applications shall be done. RBI after verifying all the documents will provide with the authorisation of project office. Are you familiar with the term Project Office? Project Office is a kind of entity that allows big foreign companies to come and work in India for expanding their business venture. When a foreign company wishes to execute a project in India for a specific period and for a specific project, Project Office can be established. A proper office for working is constructed in Indian premises only for the project decided as mentioned in the contract. However, the main core business activities are conducted in the foreign nation. Only for expansion purpose, the Project Offices are incorporated by big well-known foreign companies. It is observed that very rare project offices have been incorporated on the MCA Portal. The reason being is that it requires prior approval from the Reserve Bank of India, which we all know is a really hectic task and a complicated one. Only the big profit-earning foreign companies are generally the ones, moving towards establishing a Project office. Along with RBI Approval, the foreign company has to get itself registered with the Registrar of Companies within the time period of 30 days of the establishment of Project Office in India. There are two routes for investment to be received by Project Office. One is Reserve Bank Route and another one is Government Route. Reserve Bank Route: Government Route: Here are some conditions for establishing a project office. All the above-stated conditions are necessary to be complied with, else a foreign company shall approach to the RBI for its approval. NOTE: It is to be noted that project office is prohibited to conduct any other activity other than the decided project of a foreign company. However, incidental and relative activities can be conducted by a Project Office. The project office is treated as a taxable entity in India as it is involved in the execution of a project on a commercial basis. DEBIT: includes all the payment relating to the project and the expenditures The debits to this account could be raised only after meeting the local expenses of the office and intermittent remittances pending winding up/completion of the project. CREDIT: includes foreign currency receipts from the Project Sanctioning Authority and the remittances from parent/ group company abroad or bilateral/ multilateral International financing agency. The credits to the accounts should represent the funds received from head office through normal banking channels for meeting the expense of the office and/or the rupee amount receivable if any, under the contract and no other amount should be credited with taking the permission taken from the Reserve Bank. Here are the documents mentioned that need to be submitted to the RBI Another set of documents required by the Registrar of Companies (ROC) There are two routes available for setting up a project office. One is taking approval from AD Bank and second one is taking approval from RBI along with GOI. Approval granted by AD Bank : They are allowed by RBI to grant approvals in all cases for establishing project office, unless the application falls under the category which requires specific approval of RBI. Approval granted by RBI along with GOI : Any application filed by a non-resident for setting up a project office shall require approval from RBI in following circumstances where: Now comes the companies which need not to obtain approval : The Project office stay in existence till the project gets fulfilled. After the project is completed, the project office is winded up as its purpose has been accomplished. The applicant is required to inform the AD Bank regarding the date of opening project office. And after the approval is received by the AD Bank, the project office within the time of 6 months must be established. In case the Project Office by any chance is not operated within the tenure of 6 months from the date of approval received by AD Bank then, in that case the validity of approval will expire. Whereas, in case of genuine reason that is beyond the control of anyone, then AD may grant further extension of 6 months. First step for project office registration is drafting of necessary application and documents. Second step includes legalizing the documents. The next step includes filing the drafted applications with the RBI i.e. Reserve Bank of India. RBI then verifies all the documents submitted by the client and go through it. When everything is in accordance with the requirement of the Act, RBI is then ready to send approval of Project Office incorporation. After RBI Approval is granted, the next step is, registration of foreign company under ROC i.e. Registrar of Companies. After registration under ROC, it is necessary to apply for TAN, PAN and open a bank account. Not only under the ROC, but there are various other registrations required depending on situation to situation. Our team of professional are always there at your service. You can contact them and take suggestions when required. For project office registration, many applications are required to be drafted that is inclusive in the package. We believe in providing the best of quality services to our clients and therefore our fee is cost effective for the convenience of all our precious clients. Our experts is there with you to guide you in the best possible manner. Registration certificate shall be issued after the completion of registration process of Project office. EAdvisors Project Office Registration package provides you professional advice, drafting of documents, lowest fee, solution to all your queries, registration certificate. We at EAdvisors are here with our professional services and experts to serve you. We have successfully satisfied our clients with their requirements since a long time and will continue it all time. EAdvisors has 99 % of customer retention ratio. Our Quality work says it all! To provide constant support to our customers, we are available on WhatsApp as well as on Email. For consulting us directly you may call or WhatsApp us at: +91 991 0000 833 To resolve your complicated query, contact us through Email Id :info@eadvisors.in Happy to Serve you! Professional experts of company registration are here at your service to assist you in incorporating companies. For making it hassle free procedure we will be assisting you a professional who will be there throughout your company registration. Your work is our duty and in the hands of our experts. Experience the upgraded professional services from EAdvisors! Our work is to provide with best of services and that too with transparency. We aim to make clients that goes long with us and stay satisfied with our variety of services. No hidden charges exist and everything will be informed to you well in advance. So, stay secured with our transparency! With guaranteed 10-12 days registration, we provide our clients with issuance of Certificate by ROC. Considering one day when documents will be received by us from our clients, then other two days for name approval procedure that is considered by ROC and another day for filing application for Incorporation of Company. On 10th day as we commit, will provide you with certificate of incorporation, Committed to Work! Committed to Quality! We have achieved alot in past years and aiming to increase it in future as well and that became possible because of our motto to keep our clients information secure with us. Stay confident while dealing with EAdvisors, your every single information will stay private with us. EAdvisors offers you various benefits EAdvisors is a well-known company, popular for its quality work and therefore no hidden or extra is charged by our clients. By just sharing your documents with us on WhatsApp or email, you will get your dream company ready within 10 days only. You will be given a Unique Order No. for you to track the status of company registration process. We offer this unique tracking method to given them a sense satisfaction that their work is our utmost priority. Once the registration process gets started and payment is also made, it is our duty and responsibility to keep your payment secure and in return registering your company. Being a company established in India, we will be accepting the payment in Indian Currency through any of the online mode of transfer. As the world is also getting advance within time, we have also established online way of accepting documents and creating your company. BEST EAdvisors has served many business houses and individuals from India as well from outside India. Why don’t you try our services and become part of best online business consultancy portal? Really impressive and timely professional services. Happy to claim services from EAdvisors. It was an amazing journey with EAdvisors. I am impressed, the way team has chased me and guiding on completing documentation was extreme. I am very much satisfied with the services and quick response I have received. Thank you for EAdvisors for full time support. I was unable to find a professional expert for project office registration. But then, I found EAdvisors on Google. Thanks for setting up my Project office and getting its registration done. I have experienced a good and long term relationship from EAdvisors as I had received great services from them. Nice consultancy firm. I registered my Project Office by consulting EAdvisors. The best professional service providing firm. Project Office
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INTRODUCTION
If not, then here is the guide to everything about the Project Office.ENTRY ROUTE FOR INVESTMENT
This route is applicable when the primary business of the foreign company falls under the criteria where 100 percent Foreign Direct Investment is allowed.
A foreign entity’s primary business falls under the criteria when 100 percent Foreign Direct Investment is not allowed.ELIGIBILITY
NECESSARY CONDITIONS
(i) Project office is set up in India, and the RBI approval has been taken from the concerned Sanctioning Authority concerned.
(ii) The contact of the Project office specifically states the clause regarding payment to be made in foreign currency.
(iii) Every project office is allowed to open 2 foreign currency accounts, usually one dominated in USD (United States dollar) and other in home currency. But, both the accounts must be maintained under the same AD category- I bank.
(iv) The permissible debits and credits in the account shall be as under:DOCUMENTS REQUIRED
APPROVAL FOR PROJECT OFFICE
TENURE
Project Office Registration
Step by Step Registration Process
Drafting of Documents
Legalizing the documents
Filing with RBI
Verification is conducted
Receiving RBI approval
Registration of Foreign Company with ROC
Applying for PAN, TAN and Bank Account
Other Registration and License
Professional advice
Drafting of Documents
Lowest fee
Solution to all your queries
Registration Certificate
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Thanks EAdvisors!Amitabh Oswal
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Ashu Verma
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Muskan Sahni
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